by Scott Lehtonen
Investor’s Business Daily
The Dow Jones Industrial Average and the other major stock indexes rose modestly Monday after factory data, while a critical inflation report looms later in the week. An early mover on the stock market today was General Motors (GM), which dropped on an analyst downgrade.
After the opening bell, the Dow Jones Industrial Average rose less than 0.1%, while the S&P 500 gained 0.2%. The tech-heavy Nasdaq composite moved up 0.3% in early trading.
Early Monday, the 10-year Treasury yield ticked higher to 3.77%. Oil prices rose, with West Texas Intermediate futures trading around $71.15 per barrel.
Among exchange traded funds, the Invesco QQQ Trust (QQQ) was up 0.3%, as the SPDR S&P 500 ETF (SPY) moved up 0.2% after the open.